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Summer Tyme, Inc., is considering a new 3-year expansion projectthat requires an initial fixed asset investment of $4.158 million.The fixed asset will be depreciated straight-line to zero over its3-year tax life, after which time it will have a market value of$323,400. The project requires an initial investment in net workingcapital of $462,000. The project is estimated to generate$3,696,000 in annual sales, with costs of $1,478,400. The tax rateis 31 percent and the required return on the project is 16percent.Required: (a) What is the project's year 0 net cash flow? (b)What is the project's year 1 net cash flow? (c) What is theproject's year 2 net cash flow? (d) What is the project's year 3net cash flow? (e) What is the NPV?